Financial services platform Evrynet has welcomed three renowned advisors after completing a private funding round of $7 million, Invezz learned from a press release. They have attracted professionals from MIT and the blockchain space to help them expand their reach in the financial world.

The new advisors are Loi Lui, CEO and co-founder of Kyber Networks; Stellar Development Foundation co-founder David Mazieres, and Robert Townsend, a professor of economics at MIT.

Loi has created Oyente, an open-source security analyzer focused on the Ethereum (ETH/USD) blockchain and its smart contracts. He also designed the first sharding protocol for public blockchains, leading to the creation of Zilliqa (ZIL/USD).

David Mazieres is also a professor of computer science at Stanford and co-director of the Center for Blockchain Research and Future of Digital Currency initiative. His expertise will help further Evrynet’s goals, especially his experience with operating systems and security of distributed systems.

Professor Robert Townsend consults the Federal Reserve Bank of Chicago and the World Bank. He has made a contribution to tokenomics and the Evry whitepaper. His experience and knowledge in finance and economics will help Evrynet achieve their goals.

The Evrynet team commented the appointments:

We’re excited to have Loi Lui, David Mazieres, and Professor Rober Townsend join as our project advisors. We have been working with them on many projects and look forward to many more exciting collaborations in the future, several of which are already in process and will be announced soon.

Evrynet will use the $7 million raised for development of a DeFi app that targets institutional investors, the Evry.Finance app. It will feature staking solutions, exchange, and a liquidity pool.

Among the big name investors in the private funding round were Petrock Capital and Signum Capital. In previous funding rounds, Evrynet grew a stable list of investors and supporters, which is only becoming longer and longer with every new round.

Evrynet is an intelligent financial services platform making infrastructure available to businesses and developers, who wish to create CeDeFi applications. It’s also compatible with a number of leading blockchains.

The post Evrynet concludes $7M funding round, appoints esteemed new advisors appeared first on Invezz.

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